In October 2025, L'Oreal's nabbed the license for Gucci beauty products from Coty, via the acquisition of Kering's beauty holdings.
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A Financial Times report claims that Sue Nabi, CEO of Coty, will be stepping down imminently. At the same time, Coty's owner, JAB Holdings, is expected to announce chairman Peter Harf is also leaving. Harf is also reportedly retiring from his managing partner role at JAB.
Nabi, a L'Oreal veteran, joined Coty in June 2020.
In October 2025, L'Oreal's nabbed the license for Gucci beauty products from Coty, via the acquisition of Kering's beauty holdings.
And, in November 2025, Coty's Q1 fiscal 2026 net revenue totaled $1,577.2 million, representing a decrease of 6% on a reported basis. On a like-for-like basis, net revenue declined 8%.
Updates to come as details are announced...
